Secret Network (SCRT) and iExec RLC Technical Analysis: New H2 2021 Highs?

Secret Network (SCRT)

The smart contracting platform allows developers to deploy private dApps using SCRT currency for settlement.

Past Performance of SCRT

From the Secret Network technical analysis in the daily chart, SCRT buyers are in the driving seat.

Notably, prices are trending above the main support line of $1.3 in a bullish breakout pattern.

At press time, Secret crypto prices are up five percent, pumped by increasing participation.

Day-Ahead and What to Expect

The middle BB continues to track the Secret token price acting as support.

Accordingly, SCRT token bulls must reject bear pressure and sustain prices above $1.3.

In that case, the medium-term target lies at $2.3 and would be accelerated if prices close above this week's highs.

Secret Network Technical Analysis

SCRT buyers are confident, adding to gains of the last two days.

From the candlestick arrangement in the daily chart, every low may offer a loading opportunity for Secret Network buyers. The first target is $2.3.

Conversely, the retest would be null if SCRT/USDT prices crumble below $1.3.

iExec RLC

The protocol is a decentralized marketplace where users can monetize their dApps, data-sets, and servers using RLC as currency.

Past Performance of RLC

After protracted periods of lower lows, iExec RLC crypto prices are bottoming up.

From RLC technical analysis in the daily chart, buyers are trading within a bullish breakout pattern.

The immediate resistance line is at $4.

A close above this mark would open up the iExec RLC coin to even more gains in the days ahead.

At the time of writing, the RLC coin is up nine percent against the USD.

Day-Ahead and What to Expect

The path of the least resistance is presently upwards.

However, the short and medium-term trajectory depends on how the RLC price closes above $1—a primary liquidation line.

Successful RLC token bulls further confirm buyers of late July. This solid ground will anchor the next wave of higher highs.

iExec RLC Technical Analysis

RLC technical analysis points to bulls in a buy trend continuation pattern.

Accordingly, every low is a loading opportunity. However, as mentioned early, a close above $4 would trigger even more demand from traders targeting $7.5 in the medium term.

On the flip side, rejection of higher highs, driving prices back below $3.5, may see RLC crypto prices contract back to $2.